A. Kingery Sales Company has the following selected accounts after posting adjusting entries: Accounts Payable $ 62,000 Notes Payable, 3-month 50,000 Accumulated DepreciationEquipment 14,000 Notes Payable, 5-year, 6% 80,000 Payroll Tax Expense 4,000 Interest Payable 3,000 Mortgage Payable 120,000 Sales Tax Payable 38,000 Instructions Prepare the current liability section of Kingery Sales Company's balance sheet, assuming $20,000 of the mortgage is payable next year. B. On December 1, ACCO 212 Corp. borrowed $5,000 on a 4 months, 6% note. Prepare the entries to record the issuance of the note, the accrual of interest at year end, and the payment of the note. C. In March, gross earnings in ACCO 212 totaled $45,500. All earnings are subject to 8% FICA taxes, 5.4% state unemployment taxes, and 0.8% federal unemployment taxes. Prepare the entry to record January payroll tax expense.